European stock markets are poised to open higher as investors assess the global stock market outlook.

European stock markets are poised to open higher as investors assess the global stock market outlook.
European stock markets are poised to open higher as investors assess the global stock market outlook.

European markets were poised to rise at the start of Wednesday, with investors seeking insights from new earnings and economic information to gauge the global stock market outlook.

In the U.K., the stock market was predicted to open 21 points higher at 8,375, while Germany's market was expected to gain 17 points to 18,717. France's market was forecasted to rise 15 points to 7,587. Italy's market was predicted to add 87 points to 33,969.

Despite a choppy session on Tuesday, the Stoxx 600 closed slightly higher. Travel stocks led gains, with Ryanair CEO Michael O'Leary stating that fares would fall by less than previously expected in the July-September quarter.

On Tuesday, copper prices reached a nearly six-week high, driven by increased demand and positive expectations regarding a potential Federal Reserve interest rate reduction in September.

On Wednesday, consumer confidence figures for Germany and France in Europe will be released. In Europe, earnings will be reported by Lego, Prudential, Novonesis, and Brunello Cucinelli, while Nvidia will release earnings on the state side.

Nvidia, a prominent player in the AI industry, could offer insights into the future of the tech and AI market and what may happen to the sector, which has experienced significant growth in 2021.

On Wednesday, U.S. stock futures were slightly lower early on, with the focus being on Nvidia, following a successful day on Wall Street the previous day.

Australian inflation figures for July exceeded expectations, causing Asia-Pacific markets to retreat.

by Sophie Kiderlin

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